Kathryn Mecklenburgh Acquires 10 Shares of Softcat plc (LON:SCT) Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 10 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of GBX 1,601 ($19.84) per share, with a total value of £160.10 ($198.39).

Softcat Price Performance

Shares of SCT traded up GBX 21 ($0.26) during mid-day trading on Monday, reaching GBX 1,621 ($20.09). 51,574 shares of the stock traded hands, compared to its average volume of 842,938. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. Softcat plc has a 1 year low of GBX 1,415 ($17.53) and a 1 year high of GBX 1,855 ($22.99). The company has a market cap of £3.23 billion, a price-to-earnings ratio of 2,894.64, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The firm has a fifty day moving average price of GBX 1,531.74 and a 200 day moving average price of GBX 1,565.22.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SCT. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($19.83) price objective on shares of Softcat in a report on Monday, October 28th. Shore Capital reiterated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,457.50 ($18.06).

Softcat Company Profile

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.